International Speedway Corp. (ISCA,ISCB.OB), a promoter of motorsports entertainment activities, said Monday that the Court has dismissed the civil anti-trust action brought by Kentucky Speedway LLC against the company and the National Association for Stock Car Auto Racing or NASCAR.ISC Chief Executive Officer James France, said, We are extremely pleased with today's decision by the federal court in Kentucky. From the beginning, we have said that the case was without legal or factual merit. This ruling reaffirms the validity of a business model that has significantly benefited the sport's fans, business partners and other industry constituents for more than fifty years.Earlier, Kentucky Speedway alleged that NASCAR illegally favored tracks owned by International Speedway. Kentucky speedway also said that NASCAR has abused "monopoly power" in ways that had prevented the Kentucky track from obtaining Nextel Cup Series races and had illegally awarded the races to International Speedway. Kentucky speedway claimed that NASCAR instituted anti-competitive practices relating to sanction fees, purses and distribution of television revenues, with the intent and effect of increasing the cost of competition for non-International Speedway tracks, and conspired with International Speedway and others to restrain trade in the various markets that relate to superspeedway stock-car racing. The suit was filed in the U.S. District Court for the Eastern District of Kentucky at Covington. Last month, International Speedway raised its fiscal year 2007 earnings outlook to a range of $2.75 to $2.80 per share from its prior outlook of $2.70 to $2.75 per share. The company also reaffirmed its revenue forecast between $810 million and $815 million.For fiscal year 2008, the company anticipates earnings of $3.05 to $3.15 per share on revenue between $805 million and $825 million. ISCA is currently trading at $41.34, up $1.08 or 2.68%, while ISCB.OB is currently trading at $41.30, up $1.45 or 3.64%.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.